DEBTOR-IN-POSSESSION
debtor-in-possession.Bankruptcy. A Chapter 11 or 12 debtor that continues to operate its
business as a fiduciary to the bankruptcy estate. • With certain exceptions, the D
debtor-in-possession has all the rights, powers, and duties of a Chapter 11 trustee. — Abbr. DIP.
[Cases: Bankruptcy 3622, 3672. C.J.S. Bankruptcy §§ 374, 417.] [Blacks Law 8th]